Reply to SAHM’s who used to work - what salary did you leave behind?

Forum Index » Money and Finances

Reply to "SAHM’s who used to work - what salary did you leave behind?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I just left my biglaw job to stay at home. I was making $560k. My husband makes much more than I do and we have a lot of savings, so it wasn’t a big deal financially, but I still have a lot of angst about it. I actually love(d) my job, and it makes me sad that it will be very difficult to find a path back. [/quote]

Do you take any steps to protect yourself financially, like a postnup?  How do you get comfortable that you're not saving in your own name anymore, for example, no more 401k contributions, and possibly, no more control over how future income is saved and invested because you don't have a paycheck?  Asking because I'm hung up on these issues and still working.   [/quote]

PP here. We got married on the later side, so I had amassed a decent amount of savings prior to marriage. Since he makes so much more money than me, he suggested that I keep my premarital savings in a separate account and just let it compound without touching it. Premarital savings that aren't commingled are separate property in the case of divorce, so that would be a decent cushion if anything were to happen. He has also been contributing to an IRA for me the whole time we've been married, and I've always made the maximum allowable contribution to my 401k. We also have substantial savings and investments that accrued during the marriage, so I would get a chunk of that in the case of divorce. We are both pretty financially conservative, so we have a high savings rate and no arguments over that. He has always been in charge of all of our investing, since that's his job, although I have access to all of the accounts of course. If we were to divorce, I should have enough in savings that I wouldn't need to go back to work, although I'd have to downgrade my lifestyle a little. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics